In a significant meeting in New Delhi, South Korean conglomerates such as Samsung Electronics, LG Group, and Hyundai Motor discussed plans for expansion and increased exports to India with Prime Minister Narendra Modi. The discussions emphasized investments in emerging sectors like semiconductors and electric urban mobility solutions. The South Korean delegation, part of President Lee Jae Myung's visit, included around 200 business executives, highlighting the importance of India as a strategic market. Modi urged the conglomerates to deepen their investments, particularly in artificial intelligence and semiconductors, as both countries aim to double their bilateral trade from approximately $27 billion to $50 billion by 2030. A notable agreement signed during the visit was between Hyundai and Chennai-based TVS Motor Company for joint development of electric mobility solutions, showcasing the collaborative spirit of the two nations.